Cornwall's getting poorer
Good news:
"...Cornwall and the Isles of Scilly are likely to continue to receive the highest level of European funding to help stimulate economic growth. This means the area stands to receive approximately €500 million between 2014 and 2020."Bad news:
"Cornwall and the Isles of Scilly's GDP in 1999 before the start of our European funding programmes was 66% of the European average and peaked in 2006 at 78%."The figures for the reference period used by the EU to assess eligibility for the next round of European funding is likely to be 2007, 2008 and 2009 for which Cornwall and the Isles of Scilly's GDP was 74%, 73% and 72% respectively demonstrating the impact of the global recession."
- Cornwall Council press released based on European Commission data
I'm ´óÏó´«Ã½ Radio Devon’s Graham Smith, blogging on news, views and some fresh insights into West Country life, particularly the way government works locally and nationally.
Comment number 1.
At 16th Mar 2012, P_Trembath wrote:Good news would be that Cornwall no longer needs such help.
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Comment number 2.
At 16th Mar 2012, youngcornwall wrote:Continually shovelling funding into a sinking fund helps no one in the long run, steadily weaning off is the best remedy, otherwise it can become a way of life.
With all of Cornwall’s expertise and history it shouldn’t take much to get things going in the right direction, but I bet there will be those who will blame anyone or anything but themselves.
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Comment number 3.
At 18th Mar 2012, backofanenvelope wrote:I make that about £1000 a head over six years. Not much but better than a kick in the teeth. Do you know if it will be tax free? Do we have to apply?
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